Bloomberg: The Trump family's crypto project WLFI has not launched its promised DeFi services
Golden Finance reports that the latest article from Bloomberg states that public data shows the Trump family has ventured into non-fungible tokens (NFTs), Bitcoin mining, and launching personal cryptocurrencies. Among these, the World Liberty Financial project has been purchasing cryptocurrencies like ETH since its inception but has yet to launch its promised decentralized finance services. According to Bloomberg's statistics, although the Trump family's involvement in cryptocurrency investment is relatively recent, even considering market fluctuations caused by Trump's trade war, these cryptocurrency projects have still brought nearly $1 billion in paper profits to the Trump family. However, there are growing concerns about potential "money-grabbing" and conflicts of interest involving the Trump family. Industry insiders warn that their investment in cryptocurrency could lead to conflicts of interest or even national security risks and may become a means for interest groups to attempt to buy presidential influence.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BTC surpasses $71,000

Euro Falls as US Dollar gains on inflation concerns, Fed rate hike bets

AMD (AMD.US) Enters the "Trillion-Dollar Quantum Track": Partners with PsiQuantum to Develop Fault-Tolerant, Practical-Scale Quantum Infrastructure and Plans to Invest
AMD announced that it has expanded its partnership with PsiQuantum to jointly design infrastructure capable of supporting the operation of fault-tolerant, practical-scale quantum computers.

While the industry faces turmoil, "Nvidia-backed" Nscale presses ahead for NYSE listing! New IPO prospectus reveals 1,344% surge in revenue but a quarterly net loss of $1.69 billion
Nscale, a "New Cloud" provider backed by Nvidia, submitted its latest filing for an initial public offering (IPO) in the United States on Thursday.